ulation and investment purposes,” the central bank said in its interest-rate statement yesterday.

Jinsong Du, a Hong Kong-based property panalyst at Credit Suisse Group AG, in a note to clients yesterday wrote investors or speculators will increasingly re-enter the housing market, pushing up housing prices “meaningfully in the next few months.”

[…]

“The momentum of the property market had already picked up as developers reported good June sales,” said Nicole Wong, a Hong Kong-based property analyst at CLSA Asia-Pacific Markets. “The second round of interest rates cut will just drive the momentum better and better.”